2023 CVE to NZD Historical Review

YEARLY HIGH

0.0167 NZD

YEARLY LOW

0.0150 NZD

YEARLY AVERAGE

0.0160 NZD

2023 CVE to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 0.0167. Conversely, the yearly low was recorded on January 8, dropping to 0.0150.

This high-to-low spread represents a total annual volatility of 0.0017 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0152 to the December average rate of 0.0159, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0167 was up 3.37% compared to the 2022 peak of 0.0161, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 83 NZD

2022 Average 75 NZD

Yearly Trough Low 75 NZD

Transaction Impact: A difference of 8.41 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0166

0.0151

JanuMarcMayJulySeptNove

CVE to NZD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0157, compared to 0.0162 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0157

H2 Avg (Jul–Dec) 0.0162

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0008 NZD (High: 0.0163 / Low: 0.0155). On the other end, March was the most stable month, with a tight range of 0.0004 NZD (High: 0.0158 / Low: 0.0154).

June Spread (Volatile) ±0.0008

March Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0165) against the same month in 2022 (average: 0.0146), the exchange rate shifted by +0.0019 (+12.88%).

2023 Avg (August) 0.0165

2022 Avg (August) 0.0146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0155	0.0150	0.0152
February	0.0157	0.0151	0.0155
March	0.0158	0.0154	0.0156
April	0.0163	0.0156	0.0160
May	0.0161	0.0155	0.0158
June	0.0163	0.0155	0.0160
July	0.0164	0.0158	0.0161
August	0.0167	0.0162	0.0165
September	0.0166	0.0159	0.0163
October	0.0165	0.0158	0.0162
November	0.0165	0.0159	0.0163
December	0.0160	0.0156	0.0159